Hitachi Energy India Ltd Sees 16.37% Surge in Open Interest to 654 Contracts

Hitachi Energy India Ltd, a key player in the Heavy Electrical Equipment sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 654 contracts, reflecting a rise of 92 contracts or 16.37% from the previous OI of 562. This uptick in OI comes alongside a trading volume of 344 contracts, indicating active market participation.
In terms of performance, Hitachi Energy India has outperformed its sector by 0.44% today, marking a 1.61% gain over the past three days. The stock's current price summary shows that it is trading above its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, the stock has seen a decline in delivery volume, with a reported 27.35k on October 3, down by 36.36% compared to the 5-day average.

With a market capitalization of Rs 81,567 crore, Hitachi Energy India continues to demonstrate liquidity, suitable for trade sizes of Rs 4.34 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for the stock.